Toyota Expected to Report Higher Revenue and Profit Despite Global Sales Decline
Toyota is set to report higher revenue and profit for its fiscal first quarter despite a decline in global vehicle sales. According to Bloomberg consensus estimates, the company's adjusted revenue is expected to reach ¥13.06 trillion ($83.4 billion), up from ¥12.25 trillion a year ago. Adjusted earnings per share are forecast at 82.44 yen ($0.53) with an EBITDA of ¥1.54 trillion and a net income margin expected to remain stable around 8%. However, analysts note that gross margins have declined from 18% to 16%, indicating cost pressures. Global sales for the first half fell by 2.9% year-on-year to 5.01 million units — marking the first decline in two years. Domestic Japanese sales rose 4.7%, while overseas sales dropped sharply, down 4.3%. Electrified vehicle sales (hybrid and EV) showed resilience with a 9.1% increase globally, driven by strong performance outside China. Toyota is also shifting production to the U.S., including plans for a $3.6 billion investment in its San Antonio plant over four years.
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